Hong Kong property prices ranked only 22 in the last quarter of last year

The latest global housing price index for the fourth quarter of 2018, published by Knight Frank, shows that the average selling price of Hong Kong homes in the fourth quarter of last year plummeted 6.2% quarter-to-quarter, the strongest among the 56 markets surveyed, dragging last year. The average annual selling price of Hong Kong’s residential properties narrowed to only 5.9%, and the ranking fell to 22nd place from the year-on-year champion position in the third quarter of last year.